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Income Tax

Two of the three partners of a professional partnership would like to mitigate their income tax liabilities and are considering using limited companies to take over their personal interests
Payroll Alliance seeks opinions of advisers and employers
Paul Mellor (TC906)
A director and property owner wishes to withdraw £250,000 from his businesses, but which is the most tax-efficient method?
NPS failings have created uncertainty and inequity, claims report
Clear link must exist between payment and use of vehicle
No one should have a reduced pension: HMRC
IFS: average household will be £200 worse off from April
Kuehne & Nagel Drinks Logistics Ltd and others v CRC, Upper Tribunal (Tax and Chancery Chamber)
New legislation will be backdated to 6 April 2010
A company director pays professional subscriptions personally, but receives no remuneration. ITEPA 2003 restricts allowable expenditure to the level of earnings, so no set off is possible
Two brothers own a farm and receive income from stewardship and woodland schemes and short-term grazing licences
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